Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611981
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹40,00,000
EMD:₹4,00,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:21-11-2025 01:00 PM
Bid Start Date:2025-11-21
Property Description
City Union Bank presents a SARFAESI auction for a Land and Building property in Palakoderu, West Godavari, Andhra Pradesh. This residential asset, formerly associated with M/s G.K Trading Company, offers a unique investment opportunity in a developing region. The property is ideally situated within the West Godavari district, providing potential for growth and development.
State:Andhra Pradesh
City:West Godavari
Area:Palakoderu
Asset Category:Residential
Full Address:R.S.No.449/1, Vissakoderu, Palakoderu Mandal, Vissakoderu, Palakoderu
Size:726 Sq. Yds
Auction Description
Don't miss the City Union Bank SARFAESI auction for a valuable Land and Building asset in Palakoderu, West Godavari. Bidding opens on November 21, 2025, at 01:00 PM and closes at 05:00 PM on the same day. The reserve price is ₹40,00,000, with an Earnest Money Deposit (EMD) of ₹4,00,000 required to participate. This is a prime opportunity to acquire a property in Andhra Pradesh through a transparent auction process.
Borrower Name:M/s G.K Trading Company
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Bollam Gopala Krishna, Mrs.Bollam Venkata Nagalakshmi, Mr.Bollam Chitti Venkateswara Rao, Mrs.Bollam Manikyam
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property's land and building type in Palakoderu, combined with a reasonable reserve price, indicates a calculated investment opportunity. Potential buyers should conduct thorough due diligence regarding local market conditions and encumbrances before bidding. The location's specific dynamics will significantly impact its future appreciation and rental potential.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:9397121831/8925876329
